STEALTHGAS INC. ANNOUNCES NEW CHARTER ARRANGEMENTS FOR SEVEN VESSELS AND THE SALE OF ONE VESSEL

ATHENS, GREECE, January 9, 2012.  STEALTHGAS INC. (NASDAQ: GASS),(the “Company”), a ship-owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today the sale of one vessel and an update on chartering arrangements.